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21 January 2025 | 8 replies
You should check them out for your contact data needs.
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24 February 2025 | 27 replies
As boring as accounting sounds, I think it's a great degree so check that out if you want to go that route.
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2 February 2025 | 9 replies
Also, be sure to check with the section 8 agency managing the tenants - sometimes if you pass on an additional cost like that they will no longer be eligible to live there if the rent and utilities exceed what they were approved for.
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3 February 2025 | 15 replies
Be sure to check with your lender to confirm their specific criteria regarding the property's condition.In short, fixer-uppers can qualify for DSCR loans, but the property either needs to be producing rental income or have a plan to do so after renovations.
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18 January 2025 | 17 replies
I'm going to be checking my BP more regularly.
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28 January 2025 | 9 replies
Appraiser will check the rent schedule and if there were any improvements done.4.
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8 February 2025 | 14 replies
If you look in Ohio I would check out Columbus and Cleveland.
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10 February 2025 | 16 replies
Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.
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20 January 2025 | 2 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
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22 January 2025 | 9 replies
Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).